{"id":17878,"date":"2019-11-15T23:03:41","date_gmt":"2019-11-15T15:03:41","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spaceflight-industries-is-raising-more-cash-as-satellite-deals-heat-up-on-the-final-frontier\/"},"modified":"2019-11-15T23:03:41","modified_gmt":"2019-11-15T15:03:41","slug":"spaceflight-industries-is-raising-more-cash-as-satellite-deals-heat-up-on-the-final-frontier","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spaceflight-industries-is-raising-more-cash-as-satellite-deals-heat-up-on-the-final-frontier\/","title":{"rendered":"Spaceflight Industries is raising more cash as satellite deals heat up on the final frontier"},"content":{"rendered":"
\"Spaceflight
One of Spaceflight Industries\u2019 most notable projects was the launch of 64 satellites aboard a SpaceX Falcon 9 rocket in December 2018. (SpaceX Photo)<\/figcaption><\/figure>\n

Seattle-based Spaceflight Industries, which has taken on a string of high-profile satellite missions over the past year, is in the midst of a new funding round, according to a filing with the Securities and Exchange Commission.<\/p>\n

The Nov. 14 filing indicates that nearly $39.5 million of the offered amount has been sold to 33 investors, leaving $389,580 remaining in the round.<\/p>\n

We\u2019ve reached out to Spaceflight Industries for comment on the filing, and will update this report with whatever we can pass along from the company.<\/p>\n

Founded in 2010, Spaceflight Industries has two subsidiaries: Spaceflight Inc., which handles pre-launch logistics for small satellites; and BlackSky, which is building a satellite constellation to flesh out its geospatial data service.<\/p>\n

Both subsidiaries have been in the news lately: Spaceflight is arranging the launch of a Japanese shooting-star satellite from New Zealand later this month, which would mark the latest in a series of rideshare missions. Spaceflight\u2019s biggest moment came last December when it helped send 64 satellites to orbit on a SpaceX Falcon 9 rocket.<\/p>\n

BlackSky, meanwhile, has four Global satellites in orbit for its Earth-observation constellation, and it\u2019s aiming to have four more launched within the next few months. Just this week, the subsidiary announced that it\u2019s receiving $50 million in financing from Intelsat, a leading telecommunications satellite operator, to build up its infrastructure and boost a strategic relationship.<\/p>\n

It\u2019s not clear exactly what the new funding would be used for, but it\u2019s a safe bet that Spaceflight Industries is boosting its capital to execute on its ambitions. The company has also gone through some financial restructuring over the past year.<\/p>\n

Last year, Spaceflight Industries completed a $150 million Series C investment round that was tied to cooperative agreements with two European aerospace companies, Thales Alenia Space and Telespazio. One result of those agreements was a satellite-manufacturing joint venture between Spaceflight Industries and Thales Alenia Space called LeoStella, which is producing the spacecraft for BlackSky.<\/p>\n

Other backers of Spaceflight Industries have included Vulcan Capital, the investment company created by the late Microsoft co-founder Paul Allen; PayPal co-founder Peter Thiel\u2019s Mithril Capital Management; RRE Ventures; Razor\u2019s Edge Ventures; and Mitsui Co. Ltd.<\/p>\n

The list of directors included in the Nov. 14 filing suggests that some of those backers are participating in the newly reported funding round as well. The named directors include:<\/p>\n